Planters in for flattish or weak 1Q performance

pDespite the higher realised palm products prices, Hong Leong Investment Bank (HLIB) Research expects most planters’ quarter-on-quarter (q-o-q) earnings will be weighed down by seasonally lower fresh fruit bunches (FFB) output and higher fertiliser costs.

PETALING JAYA: Most plantation companies will likely register flattish or weaker performance in their quarterly financial results, which will roll-out starting tomorrow.

Despite the higher realised palm products prices, Hong Leong Investment Bank (HLIB) Research expects most planters’ quarter-on-quarter (q-o-q) earnings will be weighed down by seasonally lower fresh fruit bunches (FFB) output and higher fertiliser costs.